Summary by Futu AI
George Cheeks, serving in the Office of the CEO at Paramount Global, filed an Initial Statement of Beneficial Ownership of Securities with the SEC, as required by Section 16(a) of the Securities Exchange Act of 1934. The filing, dated May 1, 2024, disclosed Cheeks' direct ownership of 81,367 shares of Class B common stock. Additionally, the document detailed Cheeks' beneficial ownership of Restricted Share Units (RSUs) that will vest at future dates, with a total of 416,545 RSUs set to convert into Class B common stock between 2025 and 2027, subject to vesting conditions and tax liability withholdings. These RSUs were granted under the company's long-term incentive plan without consideration. The filing was completed on May 10, 2024, and included a signature by Christa A. D'Alimonte, Attorney-in-Fact for George Cheeks.